UK,Brazil,Nigeria tops in Oil Production

The United Kingdom, Brazil and Nigeria have risen as nations with the highest cost of producing oil in the world. Specifically, it cost $44.33, $34.99 and $28.99 to produce a barrel of crude oil the United Kingdom, Brazil and Nigeria respectively.

Similarly, Saudi Arabia has the least cost of production, with $8.98 followed by Iran and Iraq, which had $9.08 and $10.57 respectively.